ResLife Finances review
Low-cost HOA accounting with a permanent operations tier and $1-per-unit paid plans.
Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026
ResLife Finances is HOA accounting software for self-managed boards and professional community-association management firms. It brings together general-ledger accounting, assessment billing, collections, accounts payable, vendor payments, bank reconciliation, fund accounting and financial statements. Financial activity can connect with budgets, work orders, contracts, governing documents and owner accounts. Its operations tier is permanently free, while full association accounting is offered through paid plans priced per unit per month.
The published plans show a clear split between operations and accounting. Free includes docket and requests, budgets and meetings, rules, violations, maintenance, contracts and a resident portal. Starter costs $1 per unit per month, billed monthly, and adds association accounting, receivables and payables, financial statements, bank reconciliation, bank integrations and historical accounting migration. Business keeps the Starter features and adds firm accounting, AR and AP, plus association and firm marketing websites. Enterprise adds white labeling on your own domain, an isolated database, custom fields, workflows and reports, a sandbox, an uptime SLA, and priority onboarding and migration. Paid-plan billing begins January 1, 2027, according to the product page.
Its accounting coverage is broad for associations that need to connect collections and vendor activity with financial controls. Assessment billing can use budget calculations and governing-document rules, while owner ledgers support late fees, interest and payment plans. Accounts payable includes vendor invoice capture, approval and payment, with bills linked to work orders or contracts. Automatic bank reconciliation and processor-payout matching, Plaid statement imports, Stripe integration and lockbox remittance processing extend the payment workflow. Operating and reserve fund accounting, balance sheets, fiscal-year profit and loss, and budget-versus-actual reporting support ongoing oversight. ResLife Finances suits cost-conscious associations needing full accounting at a low per-unit price; organizations needing a non-web deployment or advanced enterprise controls should evaluate the higher tiers before choosing.
ResLife Finances pros and cons
- Where it wins
- Free operations tier includes requests, budgets, rules and a resident portal
- Paid plans cover assessments, receivables, payables, reconciliation and reporting
- Plaid and Stripe support banking, statement imports and payment processing
- Where it doesn't
- The Free plan does not include full association accounting
- The product is available on the web platform only
- White labeling, custom workflows and uptime SLA require Enterprise
ResLife Finances fact sheet, pricing and score →
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